Brussels, 01/10/2008 (Agence Europe) - On Wednesday 1 October, the European Commission authorised the rescue plan for the British bank Bradford & Bingley put forward by the British authorities. This plan, she stated in a press release, "is designed to ensure financial stability, protect retail depositors and support the orderly winding down of Bradford & Bingley".
The bank, which provides specialist mortgages and savings products, is to be nationalised. Its best assets have been transferred...